GRA cancels GHS8.2 billion MTN back tax
MTN disputed the claim and went into a 21 day talks work GRA, at the end of which GRA has fully withdrawn the back tax.
- Advertisement -
The Ghana Revenue Authority (GRA) has fully withdrawn the over GHS8.2 billion back tax it slapped on MTN.
The back tax was based on the claim by a “shady” and “dodgy” entity called Safaritech Ghana Limited that MTN hid 30% of revenue from government between 2014 and 2018.
- Advertisement -
Safaritech was said to have used a unique auditing methodology to arrive at its conclusion, which another reputable auditing firm, KPMG independently examined and found untenable.
- Advertisement -
MTN disputed the claim and went into a 21 day talks work GRA, at the end of which GRA has fully withdrawn the back tax.
- Advertisement -
MTN has therefore updated its report to both the Ghana Stock Exchange and the Johannesburg Stock Exchange about the withdrawal of the tax.
More soon…
- Advertisement -
